JLG INDUSTRIES, INC. EXECUTIVE SEVERANCE PLAN As Amended and Restated Effective October 15, 2006JLG Industries Inc • October 17th, 2006 • Construction machinery & equip • Pennsylvania
The Company first established the Plan for eligible executives on June 1, 1995. The Plan was originally intended to replace the severance benefits that participants had under certain individual agreements (customarily denominated a “Deferred Compensation Benefit Agreement”) with the Company that provided for unfunded deferred compensation benefits and certain other benefits. Since the Plan was first adopted on June 1, 1995, it has been amended and restated several times.
